This listing includes AI condition scoring, neighbourhood intelligence, and market valuation data — giving you a complete picture before you visit. Compare rental yield, price per square metre, and location strength against the broader Portuguese market to assess whether this property fits your investment strategy.
3-bedroom, 2-bathroom apartment of 127 m² on the 2nd floor, energy rating D. Located Portimão parish, Portimão municipality, Faro district. The property features a closed balcony that offers additional living space and stunning views, enhancing both functionality and aesthetics in this central Portimão apartment.
The asking price of €450,000 is significantly above our assessed fair value of €315,000, indicating an overvaluation of €135,000; this equates to a 30.0% downside versus the asking price. The estimated gross yield for this property stands at 6.7%.
The property's fair value is determined using a combination of two models. The Transaction model, which accounts for 55%, uses real transaction data from 230 sales in Portimão, while the Adjusted asking-price model, making up 45%, adjusts current listings to reflect actual sale prices. No conservative adjustments were applied to this property. As a result, the fair value is €315,000, indicating that the asking price is above the fair value by €135,000, or 30.0% downside versus the asking price. The confidence level in this valuation is high.
Gross yield 6.7% (before costs)
No specific strategy stands out for this property.
Negotiation room: Negotiation context: asking prices in this municipality run about 16% above what similar homes actually sell for, so there is usually room to negotiate
The asking price of €450,000 significantly exceeds the fair value of €315,000, indicating a 30.0% downside versus the asking price. The condition of the property is rated at 70/100, suggesting it is in generally good shape, while the neighbourhood received a score of 50/100, pointing to potential concerns regarding local demand. Investors should weigh these factors carefully, considering how they align with their investment criteria.
Indicative, before costs, vacancy and management. Not investment advice.
Economic and tenant stability risk With both economic and tenant stability scores at 50/100, there is a significant risk of fluctuating demand which could lead to challenges in maintaining occupancy rates and rental income.
Grade AFindings: 0
Confirmed findings from our checks of this listing. They inform; they do not change the valuation.
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Models 3.4.3 (Data quality v3 · Valuation v4.2 · Strategy v3.1)
Comparables, condition and location workings, yield and time-to-sell. Written up and emailed to you.
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